TELUS (TSE:T) Price Target Lowered to C$23.25 at Scotiabank

TELUS (TSE:T) (NYSE:TU) had its price target cut by equities research analysts at Scotiabank from C$24.00 to C$23.25 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 8.75% from the stock’s previous close.

A number of other equities analysts have also commented on the company. BMO Capital Markets boosted their price objective on TELUS from C$24.00 to C$25.00 in a research note on Thursday, September 5th. Royal Bank of Canada cut their price target on TELUS from C$26.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 6th. CIBC cut their price target on TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 6th. Canaccord Genuity Group lowered TELUS from a “buy” rating to a “hold” rating and cut their price target for the company from C$23.00 to C$21.50 in a research note on Tuesday, August 6th. Finally, Cormark dropped their price objective on TELUS from C$26.00 to C$25.00 in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, TELUS has a consensus rating of “Moderate Buy” and an average price target of C$24.40.

TELUS Stock Performance

TSE T traded down C$0.26 during trading on Tuesday, hitting C$21.38. The company’s stock had a trading volume of 1,799,362 shares, compared to its average volume of 3,339,439. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 171.58. The firm has a 50 day moving average price of C$22.15 and a 200 day moving average price of C$22.02. The firm has a market cap of C$31.64 billion, a P/E ratio of 40.30, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. TELUS has a 52 week low of C$20.04 and a 52 week high of C$25.94.

Insider Activity

In other news, Director Victor George Dodig bought 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average cost of C$21.38 per share, with a total value of C$2,138,000.00. 0.02% of the stock is owned by company insiders.

About TELUS

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.